DEPUTY COMMISSIONER OF INCOME-TAX vs. THE JAWAHARLAL NEHRU PORT TRUST,, RAIGAD

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

10(20) of the Act. Since, the services of the employees were utilized for earning the income of the earlier periods therefore, he held that the expenses of employee's premium for Superannuation Fund for earlier period cannot be an expenditure of the year in question, in view of the clear provisions of section

JAWAHAR LAL NEHRU PORT TRUST,NAVI MUMBAI vs. ACIT PANVEL, PANVEL

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

10(20) of the Act. Since, the services of the employees were utilized for earning the income of the earlier periods therefore, he held that the expenses of employee's premium for Superannuation Fund for earlier period cannot be an expenditure of the year in question, in view of the clear provisions of section

DEPUTY COMMISSIONER OF INCOME-TAX vs. THE JAWAHARLAL NEHRU PORT TRUST,, RAIGAD

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

10(20) of the Act. Since, the services of the employees were utilized for earning the income of the earlier periods therefore, he held that the expenses of employee's premium for Superannuation Fund for earlier period cannot be an expenditure of the year in question, in view of the clear provisions of section

DEPUTY COMMISSIONER OF INCOME-TAX vs. THE JAWAHARLAL NEHRU PORT TRUST,, RAIGAD

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

10(20) of the Act. Since, the services of the employees were utilized for earning the income of the earlier periods therefore, he held that the expenses of employee's premium for Superannuation Fund for earlier period cannot be an expenditure of the year in question, in view of the clear provisions of section

JAWAHAR LAL NEHRU PORT TRUST,NAVI MUMBAI vs. ACIT PANVEL, PANVEL

In the result, all the three appeals filed by the Revenue are dismissed and all the three appeals filed by the assessee are partly allowed

Bench: Shri R. K. Panda & Ms Astha Chandra

10(20) of the Act. Since, the services of the employees were utilized for earning the income of the earlier periods therefore, he held that the expenses of employee's premium for Superannuation Fund for earlier period cannot be an expenditure of the year in question, in view of the clear provisions of section

SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD,PUNE vs. NATIONAL FACELESS APPEAL CENTRE, PUNE

In the result, ITA Nos. 154 to 156/PUN/2025 filed by the assessee are partly allowed for statistical purposes, ITA

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.154 To 156/Pun/2025 Assessment Years : 2016-17 To 2018-19

20,39,280/- has been taken into account for determination of the actual cost of the asset in accordance with the provisions of Explanation 10 to clause (1) of section 43, therefore by application of the explanation 10 to clause 1 of s. 43 of the Act, the amount of subsidy will not be treated as income

SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD.,PUNE vs. ACIT, CIRCLE-5, PUNE, PUNE

In the result, ITA Nos. 154 to 156/PUN/2025 filed by the assessee are partly allowed for statistical purposes, ITA

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.154 To 156/Pun/2025 Assessment Years : 2016-17 To 2018-19

20,39,280/- has been taken into account for determination of the actual cost of the asset in accordance with the provisions of Explanation 10 to clause (1) of section 43, therefore by application of the explanation 10 to clause 1 of s. 43 of the Act, the amount of subsidy will not be treated as income

SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD,PUNE vs. NATIONAL FACELESS APPEAL CENTRE, PUNE

In the result, ITA Nos. 154 to 156/PUN/2025 filed by the assessee are partly allowed for statistical purposes, ITA

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.154 To 156/Pun/2025 Assessment Years : 2016-17 To 2018-19

20,39,280/- has been taken into account for determination of the actual cost of the asset in accordance with the provisions of Explanation 10 to clause (1) of section 43, therefore by application of the explanation 10 to clause 1 of s. 43 of the Act, the amount of subsidy will not be treated as income

DY. COMMISSIONER OF INCOME-TAX, CIRCLE-5, PUNE vs. SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD., PUNE

In the result, ITA Nos. 154 to 156/PUN/2025 filed by the assessee are partly allowed for statistical purposes, ITA

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.154 To 156/Pun/2025 Assessment Years : 2016-17 To 2018-19

20,39,280/- has been taken into account for determination of the actual cost of the asset in accordance with the provisions of Explanation 10 to clause (1) of section 43, therefore by application of the explanation 10 to clause 1 of s. 43 of the Act, the amount of subsidy will not be treated as income

ACIT, CIRCLE-5, PUNE, PUNE vs. SHRINIWAS ENGINEERING AUTO COMPONENTS PRIVATE LIMITED, PUNE

In the result, ITA Nos. 154 to 156/PUN/2025 filed by the assessee are partly allowed for statistical purposes, ITA

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.154 To 156/Pun/2025 Assessment Years : 2016-17 To 2018-19

20,39,280/- has been taken into account for determination of the actual cost of the asset in accordance with the provisions of Explanation 10 to clause (1) of section 43, therefore by application of the explanation 10 to clause 1 of s. 43 of the Act, the amount of subsidy will not be treated as income

SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD,PUNE vs. ITO WARD6(1), PUNE

In the result, ITA Nos.154 to 156/PUN/2025 filed by the\nassessee are partly allowed for statistical purposes, ITA\nNo

section 2 (24) does not mean that in\norder to exclude the government subsidy from the definition of\nincome the assessee has to established that the explanation 10 to\nsection 43 (1) is squarely applicable to the subsidy i.e. the subsidy is\nrelatable to assets.\n\n(c) While interpreting the expression \"in accordance with\" the Hon'ble\nSupreme Court

ACIT, PUNE vs. SHRINIWAS ENGINEERING AUTO COMPONENTS PRIVATE LIMITED, PUNE

In the result, ITA Nos.154 to 156/PUN/2025 filed by the\nassessee are partly allowed for statistical purposes, ITA\nNo

section 2 (24) does not mean that in\norder to exclude the government subsidy from the definition of\nincome the assessee has to established that the explanation 10 to\nsection 43 (1) is squarely applicable to the subsidy i.e. the subsidy is\nrelatable to assets.\n(c) While interpreting the expression \"in accordance with\" the Hon'ble\nSupreme Court

SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD,PUNE vs. ITO WARD 6(1), PUNE

In the result, ITA Nos.154 to 156/PUN/2025 filed by the\nassessee are partly allowed for statistical purposes, ITA\nNo

section 2 (24) does not mean that in\norder to exclude the government subsidy from the definition of\nincome the assessee has to established that the explanation 10 to\nsection 43 (1) is squarely applicable to the subsidy i.e. the subsidy is\nrelatable to assets.\n(c) While interpreting the expression \"in accordance with\" the Hon'ble\nSupreme Court

KOLHAPUUR ZILLA SAH DUDH UTPADAK SANGH LTD.,,KOLHAPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed for statistical purposes

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.616 To 618/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 To 2011-12 Kolhapur Zilla Sah Dudh Utpadak Sangh Ltd., B-1, Midc, Gokul Shiraon, अऩीऱाथी/Appellant Kolhapur …. Pan: Aaaak0230D Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle 1, Kolhapur

section 154 of the Act. 10. In the facts of the present case, the assessee had claimed additional depreciation on account of plant & machinery purchased by the assessee in the ITA Nos.616 to 618/PUN/2016 5 preceding year. Since the said machinery was purchased for less than 180 days in assessment year 2008-09, the additional depreciation was claimed @ 20

KOLHAPUUR ZILLA SAH DUDH UTPADAK SANGH LTD.,,KOLHAPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed for statistical purposes

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.616 To 618/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 To 2011-12 Kolhapur Zilla Sah Dudh Utpadak Sangh Ltd., B-1, Midc, Gokul Shiraon, अऩीऱाथी/Appellant Kolhapur …. Pan: Aaaak0230D Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle 1, Kolhapur

section 154 of the Act. 10. In the facts of the present case, the assessee had claimed additional depreciation on account of plant & machinery purchased by the assessee in the ITA Nos.616 to 618/PUN/2016 5 preceding year. Since the said machinery was purchased for less than 180 days in assessment year 2008-09, the additional depreciation was claimed @ 20

KOLHAPUUR ZILLA SAH DUDH UTPADAK SANGH LTD.,,KOLHAPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed for statistical purposes

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.616 To 618/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 To 2011-12 Kolhapur Zilla Sah Dudh Utpadak Sangh Ltd., B-1, Midc, Gokul Shiraon, अऩीऱाथी/Appellant Kolhapur …. Pan: Aaaak0230D Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle 1, Kolhapur

section 154 of the Act. 10. In the facts of the present case, the assessee had claimed additional depreciation on account of plant & machinery purchased by the assessee in the ITA Nos.616 to 618/PUN/2016 5 preceding year. Since the said machinery was purchased for less than 180 days in assessment year 2008-09, the additional depreciation was claimed @ 20

JOINT COMMISSIONER OF INCOME-TAX, (OSD), CIRCLE -1,, SOLAPUR vs. M/S. LOKMANGAL AGRO INDUSTRIAL LTD,, SOLAPUR

Bench: Shri S.S. Godara & G.D. Padmahshali

section 43(1) Explanation 10 wherein the Assessing Officer treated the Central Financial Assistance “CFA” of Rs.3,86,20,000/- received in A.Y. 2013-14 as a sum meeting cost of the assets thereby reducing the corresponding depreciation

JOINT COMMISSIONER OF INCOME-TAX, (OSD), CIRCLE -1,, SOLAPUR vs. M/S. LOKMANGAL AGRO INDUSTRIES LTD,, SOLAPUR

Bench: Shri S.S. Godara & G.D. Padmahshali

section 43(1) Explanation 10 wherein the Assessing Officer treated the Central Financial Assistance “CFA” of Rs.3,86,20,000/- received in A.Y. 2013-14 as a sum meeting cost of the assets thereby reducing the corresponding depreciation

PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

10% of plot revenue receipts was held to be not correct. He was of the view that entire receipts were to be considered as eligible revenue for working out taxable income and exemption under section 11 of the Act. Coming to next plea of claim of deduction of matching land cost, it was held that process of deducting income